Singapore Backtracks, Unveils New Bitcoin Regulations

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So much for officials in Singapore claiming they wouldn't put restrictions on bitcoin transactions. :rolleyes:

After stating it won't restrict transactions involving the digital currency, Monetary Authority of Singapore now says operators of virtual currencies including Bitcoin ATMs must abide by new rules to address risks associated with terrorist funding and money laundering.
 
Everyone doing financing knows Singapore is HOST of the world's biggest laundering financial estate as of right now (cough Créd!t su!sse cough aka THE swiss bank used by 007 villans )

Why bow to EU's pressure when you can just set up a subsidary that is NOT bound by eu laws in a nice SEA country ? lol
 
As long as governments can find a way to get their cut, they will be pro - BTC. But these guys aren't smart enough to figure that out (or state it) up front.
 
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